September 22, 2025
by in News

Slovenia denies sending offer to Croatia for joint construction of Krško 2 nuclear power plant

Slovenian authorities denied a report that they sent Croatia an offer for the joint construction of the Krško 2 nuclear power plant.

Earlier, Croatian Novi List reported that Slovenia has sent Croatia an official proposal to build a new unit in the existing nuclear power plant Krško.

The model is far less favorable for Croatia than the current management model of the Krško nuclear power plant, the media outlet noted.

However, the office of Slovenia’s Prime Minister Robert Golob, Minister of the Environment, Climate and Energy Bojan Kumer, and GEN Energija, the company in charge of the project, denied proposing such an offer.

Golob has recently informed Plenković about preparations for Krško 2

At the last bilateral meeting with Croatian Prime Minister Andrej Plenković in Vinica, Prime Minister Golob informed him about activities related to preparations for the decision on the construction of a new nuclear power plant in Krško, the prime minister’s office added.

Minister Kumer stressed that Slovenia hasn’t made any offer to Croatia. He noted that Slovenia has only just begun spatial planning for a potential new nuclear power plant.

Kumer: Slovenia must first do its homework

Slovenia first needs to do its homework and set a business model, and then it could begin talks about a joint venture, Kumer added.

According to Novi List, experts called the proposal inappropriate. The Slovenian side allegedly offered Croatia a 25% stake, compared to the current 50% in the Krško nuclear power plant.

Moreover, Croatia would only receive the profit from the sale of electricity equivalent to its ownership in the power plant, according to the article. The country now gets 50% of the electricity produced in the existing Krško nuclear power plant.

Slovenia’s state-owned power company GEN would control 25% of the project, while the Slovenian government would hold 51%, the news website learned.

​ Šušnjar: The country should build a nuclear power plant on its territory

Of note, Croatian Economy Minister Ante Šušnjar repeated last week that his country should build a nuclear power plant on its territory.

He noted that several sites were being considered, and recalled that when Croatia was part of the Socialist Federal Republic of Yugoslavia, which fell apart in the early 1990s, the authorities were examining locations in Ivanić Grad, Erdut, and Vir island.

Also, there is new speculation that the site of the Plomin coal-fired thermal power plant is a potential location for. Šušnjar confirmed that the facility is scheduled to be closed in 2032 or 2033.

Post Views:38
September 8, 2025
by in News

EDF, Westinghouse complete technical feasibility studies for Krško 2 nuclear power plant

Three reactor projects offered by EDF and Westinghouse have been assessed as technically feasible for the site of the future Krško 2 nuclear power plant, according to technical feasibility studies presented by GEN Energija during the announcement of its 2024 results. GEN Group ended last year with a EUR 186 million profit, down 9% from 2023, when it posted a profit of EUR 204.5 million.

GEN Energija, the parent company of GEN Group, noted that the Krško 2 (JEK2) project is going ahead according to the previously confirmed timeline. In October 2024, Slovenia canceled a referendum on building the second nuclear unit.

In January, it was announced that Westinghouse Electric and EDF would conduct technical feasibility studies for the deployment of their reactor models.

In July, the Ministry of Natural Resources and Spatial Planning initiated the preparation of a spatial plan for the second unit of nuclear power plant Krško and invited the public to submit comments.

GEN Energija has now presented the results of the technical feasibility studies. The reactor projects – EDF’s EPR or EPR1200 and Westinghouse’s AP1000 – were found to be technically feasible for the JEK 2 site.

Planinc: Both technologies include cooling by a natural draft cooling tower

According to Vinko Planinc, head of GEN Energija’s New Nuclear Build Division, the studies confirm that the project enables safe and efficient installation within the existing environment, taking into account flood and earthquake protection requirements.

The expected operational lifespan of both proposed reactors is 60 years, but it could be extended to 80 years if conditions are met, he added.

The location will also allow for the appropriate storage of used nuclear fuel, as well as low- and intermediate-level radioactive waste. Both technologies, he said, use natural draft cooling towers – the most environmentally friendly solution, minimizing the impact on the Sava River and creating the smallest carbon footprint.

The estimated investment from the studies matches the amount in GEN Energija’s study presented in 2024, which projected that JEK 2 would cost at least EUR 9.3 billion for 1,000 MW.

The financing method significantly affects the project’s viability

Regarding an analysis of the JEK2 investment by NGO Mladi za Podnebno Pravičnost (Youth for Climate Justice), Jan Lokar, lead engineer at GEN Energija, said the company estimates the minimum electricity price needed for the project’s economic feasibility at EUR 70.2 per MWh, compared to the NGO’s estimate of EUR 107.

The differences arise primarily from varying assumptions about capital costs, he stressed. GEN Energija expects state support in financing, while the NGO estimate assumes private capital investment.

Paravan: 2024 results exceed planned targets

Photo: GEN Energija

GEN Energija CEO Dejan Paravan presented GEN Group’s business results for 2024. The group had revenues of EUR 2.2 billion, a net profit of EUR 186 million, and added value per employee of EUR 276,000, all exceeding the annual financial targets, he added.

“All our production units operated safely and without major interruptions, reflecting years of investment in knowledge, technology, and maintenance. The important role of GEN Group in Slovenia’s energy supply is confirmed by the fact that in 2024, we reliably supplied Slovenian consumers exclusively with low-carbon electricity at affordable and predictable prices,” Paravan noted.

Alongside the JEK2 project studies, the company said, a small modular reactor (SMR) study is underway, aiming to identify possible locations for this type of reactor in Slovenia.

Photo: GEN Energija
Post Views:80
August 14, 2025
by in News

Slovenia’s HESS inks 9.2 MW deal for two solar power plants near HPP Brežice

Hydropower plant operator Hidroelektrarne na Spodnji Savi will build two solar power plants with a combined capacity of 9.2 MW near its Brežice hydropower plant. It picked Končar as the contractor.

Two new photovoltaic facilities in the pipeline are the continuation of investments in solar near the Brežice hydropower plant. Hidroelektrarne na Spodnji Savi (HESS), owned by GEN and HSE, installed a 6 MW PV plant in May 2023 next to the reservoir of its HPP Brežice’s.

At the time, it was the largest in Slovenia, and it remains the largest hybrid system in the country.

The existing PV plant is FEBR-D3, while the two new ones are called FEBR-D1 and FEBR-D2.

“We’re excited to announce a new chapter in our collaboration with HESS,” Croatia-based Končar said.

Končar will install the two solar power plants

Končar, an engineering company, signed a contract in July for the construction of FEBR-D1 and FEBR-D2. It said the endeavor extends the partnership established at HPP Brežice. Of note, it supplied generators for the 47.4 MW HPP, which began operating in 2017.

Located just a few kilometers upstream from HPP Brežice, on the left bank of the Sava River, the two units will have a combined peak capacity of 9.2 MW, powered by 14,790 PV modules, Končar added.

The Croatian firm revealed that the contract is worth EUR 4.5 million. It sets an ambitious goal: both plants are scheduled to be fully operational and handed over to the client by the end of next year, according to Končar.

The largest solar power plant in Slovenia has a capacity of 7.1 MW

In late May, on World Sun Day, HESS announced that it obtained construction permits for the FEBR-D1 and FEBR-D2 solar plants. It is the continuation of the story within which, on June 21, 2023, Slovenia’s largest hybrid solar power plant FEBR-D3 began production, it added.

Of note, the largest solar power plant in Slovenia has a capacity of 7.1 MW. It came online last month on the border with Italy.

Hydropower and solar energy make an excellent combination, so numerous power utilities, including the ones in the Western Balkans, decided to invest. The latest example comes again from Slovenia, where Soške Elektrarne Nova Gorica (SENG), part of HSE, commissioned its first PV unit at its Avče pumped storage hydropower plant.

Post Views:13
April 14, 2025
by in News

Belgrade Energy Forum 2025 – 50 speakers at eight panels to track pace of SEE energy transition

The agenda of the third Belgrade Energy Forum, taking place on May 14-15, has been finalized with the addition of further prominent energy experts and companies. The conference, organized by Southeast Europe’s leading energy news portal, Balkan Green Energy News, will feature eight panels covering key topics in the energy sector, with an impressive lineup of speakers. Make sure you register on time via this link.

The Belgrade Energy Forum will once again be a meeting place for representatives of regional and international institutions and organizations, as well as the business community from across the region, Europe, and the world.

Eight panels featuring more than 50 speakers will offer an overview of the current challenges in the energy sector. Conference participants will hear in-depth analyses of the current situation, but also projections for the future. The thread that connects everything at this year’s BEF is digitalization – it permeates energy production, consumption, and storage and allows enough flexibility for the stable functioning of the energy systems of the future, where renewable energy will dominate.

Chikán: Electricity knows no borders

One of the key speakers at the conference, Alteo Group CEO Chikán Attila, will lead the company’s high-level delegation. Alteo has recently launched a regional expansion drive, aiming to establish a green platform of up to 2 GW in energy production, including operation, software, maintenance, storage, and waste management.

The Hungarian company primarily targets its home market, Slovakia, Croatia, and Serbia.

“Electricity knows no borders, therefore partnerships and collaborations among energy market players are essential, even at the regional level. Such cooperation is vital to ensuring the security and reliability of electricity supply, facilitating the integration of renewable energy sources, and providing essential digital solutions, supported by expertise and professional know-how,” Chikán stressed.

Decarbonization strategies for power generation in Southeast Europe 2040/2050

  • Dejan Paravan, CEO, GEN Energija
  • Dušan Živković, CEO, EPS
  • Eric Scotto, CEO, AKUO
  • Milutin Đukanović, Chairman, EPCG Board of Directors
  • Neda Lazendić, Country Manager, WV-International

Although at the heart of national energy systems, state-owned power utilities are faced with an environment that has changed and continues to change rapidly. The key shift is the entry of private capital into electricity production through the construction of solar power plants and wind farms.

The energy transition, at this stage, requires cooperation between state power utilities and private companies. With decarbonization as the main objective, the key challenge lies in choosing appropriate strategies and electricity generation technologies.

Moderating the panel will be Dražen Jakšić, Director of the Energy Institute Hrvoje Požar (EIHP).

“The transition to a low-carbon energy system is a key challenge for our region, demanding innovation, investment, and cooperation. As a sponsor of the Belgrade Energy Forum, EIHP is committed to fostering dialogue and driving sustainable energy solutions. I look forward to an insightful discussion,” he stressed.

Jakšić: The transition to a low-carbon energy system is a key challenge for our region, demanding innovation, investment, and cooperation

In recent years, nuclear energy has emerged as a possible alternative. There is hardly a better interlocutor on this topic in the region than Dejan Paravan, the top man of GEN Energija, the Slovenian company developing the Krško 2 nuclear power plant project.

Dušan Živković, CEO of Elektroprivreda Srbije (EPS), will tell us about the Serbian power utility’s plans when it comes to nuclear energy.

Živković: Without decarbonization, the region’s energy sector has no future

“Without decarbonization, there is no future for the region’s energy sector, and that is the biggest challenge ahead of us. It is essential to accelerate decisions and ensure sustainable project financing mechanisms that will provide energy security for every country and power utility in the decades to come. By investing in existing capacities and new renewable energy projects, EPS, as the biggest utility in the region, will make its own contribution to energy security. That’s why we have initiated a transformation process – because we need to be more profitable, more efficient, and fully prepared to tackle any challenge,” Živković pointed out.

The energy transition, in his words, is the path EPS has chosen, and all its plans will align with that goal, based on the belief that the diversification of energy sources and new technologies are essential for achieving it. “These are just some of the key messages I will share with the participants of this year’s BEF,” said Živković.

Eric Scotto, co-founder and CEO of French company Akuo, will share the latest information on the energy transition from across the globe.

The company’s portfolio consists of 1.9 GW of power plants in operation and under construction, with a further 12 GW in the pipeline in more than 20 countries around the world, including a number of countries in the Southeast Europe region.

Integration of Western Balkans electricity markets into internal European market through market coupling

  • Anže Predovnik, Director, ADEX Group
  • Ivan Asanović, Executive Director, CGES
  • Marko Bislimoski, President, Energy, Water Services and Municipal Waste Management Services Regulatory Commission of the Republic of North Macedonia
  • Zoran Vujasinović, Policy Officer, ACER

The integration of the Western Balkans’ electricity markets with the European Union (EU) markets is a process that deserves much greater public attention than it currently receives. It is safe to say that its true importance will become evident only once it is completed.

Full integration will unlock significant synergies, maximizing the benefits of a unified market by enhancing supply security, accelerating the integration of renewable energy sources, and fostering greater competition and transparency.

Moderator Dejan Stojčevski, CTO of the SEEPEX power exchange, says the panel seeks to encourage dialogue on the importance of cross-border collaboration and market efficiency in bolstering energy security and sustainability in the region.

Bislimoski: The time for inspiring speeches is over. Geopolitical developments demand action – now!

Since market integration is largely the job of regulators, the challenges they face will be analyzed by Marko Bislimoski, president of North Macedonia’s Energy and Water Services Regulatory Commission (RKE).

He says that three things are essential for the regional integration of electricity markets into a single European market: investment, investment, and nothing but investment. In his words, the energy crisis demonstrated that limitations become a reality when governments fail to prioritize the implementation of key energy infrastructure capacities in their budgets.

“This past winter, the region faced the highest electricity prices compared to the rest of Europe. Why? Because the implementation of energy investments is not just a ribbon-cutting ceremony. Today, more than ever before, the countries of the former Yugoslavia must demonstrate maturity. These are the years when energy independence will be built through action. The time for inspiring speeches is over. Geopolitical developments demand action – now!” he stressed.

Energy revolution underway – uniting efforts to deliver green, intelligent and sustainable energy solutions

  • Aleš Prešern, VP, Head of Southeast Europe, Siemens Energy
  • Maja Turković, SVP, CWP Europe
  • Ann-Catherine de Tourtier, Managing Director Mediterranean, Nordex Group

As much as contesting the energy transition may be futile, there are still those who find such a view meaningful, especially in light of certain global political developments. That’s why it is important to give the floor to some of the transition leaders and let them testify that an energy revolution is indeed underway in the region.

The panel’s moderator Mirza Kušljugić – professor, energy expert, and one of the founders of Bosnia and Herzegovina’s Centre for Sustainable Energy Transition Centre (RESET) – goes one step further to show that change is not only happening but also accelerating.

“The key words are a new energy paradigm driven by the four Ds – decarbonization, digitalization, decentralization, and democratization. But now we also have another D: disruption, or radical change in the industry and market caused by technological innovation. Of course, we must focus the discussion – from global processes (China, the US, the EU, the Global South) to where the region stands in all of this,” Kušljugić points out, providing a perfect introduction to the panel.

Turković: It’s more important than ever to have open discussions about real solutions

Aleš Prešern, Vice President and Head of Southeast Europe at Siemens Energy, has worked in the energy sector for more than 20 years. He recalls that digitalization is key, along with grid resilience and electricity transmission.

With nearly 100,000 employees in more than 90 countries, Siemens Energy develops the energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in the company’s research departments and factories drive the energy transition and provide the base for one sixth of the world’s electricity generation.

As a leader in renewable energy development, CWP is actively working on several large-scale projects across the SEE region with a total capacity exceeding 7 GW, positioning the company at the forefront of the region’s energy transition. Given its global expertise and insights into the regional energy market, CWP’s contribution to this year’s conference will be invaluable.

Maja Turković, Executive Vice President of CWP Europe, says that BEF 2025 is a key gathering of leading experts driving the energy transition in Southeast Europe.

“As this shift gains momentum, it’s more important than ever to have open, action-driven discussions about real solutions to the challenges and opportunities ahead,” says Turković.

PPAs as a key to renewable energy growth in SEE

  • Nikola Gazdov, Chairman, Association for production, storage and trading of electricity – APSTE
  • Natalija Ljubić, Manager PPA & BESS Transactions, Pexapark
  • Ivana Đurović, Category Manager Renewable Energy, Knauf Group

Power Purchase Agreements (PPAs) are, like flexibility, a tool for fixing the imperfections of renewable energy sources, and they are recognized as a key mechanism within the new electricity market design. They ensure price stability, attract new investment, and accelerate the decarbonization of industry.

Is the region ready for PPAs? What are the dominant models? What is the current market practice? How are PPAs viewed by financial institutions? What do they offer to end consumers and what to investors in new power plants? Answers to these questions will be sought at the panel moderated by Mislav Slade-Šilović, Energy, Utilities & Resources Consulting Leader for Southeast Europe and member of the core PPA team at consultancy PwC.

Experience with PPAs for more than 500 GWh of electricity

Slade-Šilović’s experience in concluding PPAs for the production and consumption of over 500 GWh of electricity per year in the SEE region will certainly be of help.

Nikola Gazdov, Chairman of Bulgaria’s association for electricity production, storage, and trading (APSTE) and member of the Board of Directors of the European solar industry association SolarPower Europe, has no shortage of experience either. As CEO of three companies – Enery Element GmbH, Element Power Group, and Renergy – he is involved in the development of a large number of projects.

Pexapark, a company that provides logistics to businesses in the renewable energy market, is synonymous with PPAs in Europe. Natalija Ljubić is the Manager for PPA and BESS Transactions at Pexapark, which has helped conclude contracts for facilities with a combined capacity exceeding 35 GW.

The views of electricity buyers – without whom there would be no PPAs – will be conveyed by Ivana Đurović, Category Manager for Renewable Energy at Knauf Group.

Market flexibility: the backbone of a resilient energy system

  • Roman Bernard, CEO, NGEN
  • Luka Renko, COO, KOER
  • Alteo Group representative
  • Nikolaj Candellari, Project Manager and Market Intelligence, CyberGrid
  • Marko Zarić, EMS

Moderating the panel will be Elena Boškov Kovač, co-founder and CEO of Blueprint Energy Solutions, and a leading voice on market flexibility in Europe.

She will host representatives of the sector’s leading companies: NGEN, Alteo, KOER, CyberGrid, as well as Serbia’s transmission system operator Elektromreža Srbije (EMS).

“Excited to moderate a high-impact panel on ‘Market Flexibility: The Backbone of a Resilient Energy System’ at the Belgrade Energy Forum 2025,” says Boškov Kovač, whose work has shaped smart grid strategies and digitalization innovation agendas across the EU and under ETIP SNET.

As Europe accelerates its shift to renewables, market flexibility is emerging as the cornerstone of reliable, affordable, and decarbonized energy systems. With the European flexibility market promising to unlock over EUR 20 billion in savings, this session will explore how digital tools, flexible assets, and new market designs are unlocking value and resilience across the grid.

Slovenia’s NGEN is the technology sponsor of BEF 2025

Slovenian energy company NGEN, the technology sponsor of the conference, has managed to establish itself as a significant player in European markets in just five years of operation and is now ready to enter the Western Balkans’ markets.

Specializing in premium battery storage systems and smart energy solutions, the company is developing systems with a total capacity of 1.6 GWh in European countries. Its founder, Roman Bernard, will be speaking at the panel.

Also taking part in the panel will be Luka Renko, COO of KOER, a pioneer in virtual power plants in the region.

Rounding off the lineup of exceptional panelists will be Nikolaj Candellari, who is responsible for project management at CyberGrid. The software company was acquired a few years ago by Austria’s EVN, one of the first to demonstrate that greater integration of renewable energy sources, battery storage, and prosumers is not possible without digitalization and software solutions.

In a nutshell, this innovative company stands for the digitalization of the energy sector, with a focus on virtual power plants.

Post Views:42